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Bitget shifts institutional collateral to Swiss bank's off-exchange custody, reducing counterparty risk.

Market News
24 Sep 2026, 19:20 WIB
Crypto Briefing
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Bullish
Bitget shifts institutional collateral to Swiss bank's off-exchange custody, reducing counterparty risk.

Bitget has partnered with Swiss bank Sygnum to move institutional client collateral to Sygnum Protect, an off-exchange custody platform. This setup places collateral in segregated, bankruptcy-remote accounts under Swiss law, ensuring assets do not appear on Bitget's balance sheet and are protected from exchange insolvency risks. The move addresses trust issues in institutional crypto trading by legally ring-fencing client assets, allowing institutions to retain ownership and even earn yield on certain collateral like US Treasuries. This shift reflects growing demand for off-exchange custody as a standard for institutional participation in crypto markets.

Bitget's move to off-exchange custody with Sygnum offers context for crypto market activity. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Sep 24, 2026 23:22 WIB: Out of 50 major cryptocurrencies priced on Pluang, 43 rose and 6 fell today. Notable movers include LTC (Litecoin) at Rp1.332.449 with a 1-day change of +24.70% and a typical hold time of 78 days, ETC (Ethereum Classic) at Rp180.225 up +15.97% with a 67-day hold, and ONE (Harmony) at Rp45 down -15.82% with a 152-day hold time. Pluang order activity shows LTC mostly sold (94% Sell / 6% Buy), ETC also predominantly sold (71% Sell / 29% Buy), while ONE sees more buying interest (40% Sell / 60% Buy).

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